Guideline Value for IRIS GARDEN

Iris Garden guideline value

The current guideline value of Iris Garden in Polacheri village, under the Gooduvancheri SRO, is Rs 1,200 per sq.ft. The land classification for this area is Residential Special Type - II.

How the guideline value of Iris Garden has changed

The guideline value for Iris Garden has undergone several revisions over the years. The earliest available figure is from the 2017 revision, which set the value at Rs 804 per sq.ft. In the most recent 2023 revision, the guideline value increased to Rs 1,200 per sq.ft, reflecting a change of +49% from the previous revision.

There are no figures available for the years 2002, 2003, 2007, 2012, and 2024 in the register for this street. Thus, the only revisions with recorded values are from 2017 and 2023.

Guideline values in Polacheri

Currently, there are no specific village figures provided for Polacheri. Iris Garden is classified under the Gooduvancheri SRO, and there are no other streets in Polacheri listed with guideline values.

Stamp duty and registration fee for property in Iris Garden

For a 1,000 sq.ft plot at the current rate of Rs 1,200 per sq.ft, the guideline value amounts to Rs 12,00,000. The stamp duty at 7% would be Rs 84,000, and the registration fee at 2% would be Rs 24,000, bringing the total to Rs 1,08,000. It is important to note that the duty is charged on the higher of the guideline value or the sale price.

For more detailed calculations, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Iris Garden?

The Sub Registrar Office that covers Iris Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

You can find your SRO for more information.

How the guideline value is used when you buy or sell in Polacheri

When buying or selling property in Polacheri, the guideline value plays a crucial role in determining the registration fees and stamp duty. These fees are calculated based on the guideline value or the sale price, whichever is higher, ensuring that the transaction is recorded accurately in the official register.

The guideline value serves as a benchmark for property transactions, helping to standardize the assessment of properties in the area. Buyers and sellers should be aware of the current guideline value to understand the financial implications of their transactions.

Frequently asked questions

What is the current guideline value of Iris Garden?

The current guideline value of Iris Garden is Rs 1,200 per sq.ft, as per the 2023 revision.

How much has the guideline value changed recently?

From the 2017 revision of Rs 804 per sq.ft to the 2023 revision of Rs 1,200 per sq.ft, the guideline value has increased by +49%.

Are there any guideline values for previous years?

The register has no figures for the years 2002, 2003, 2007, 2012, and 2024 for Iris Garden. The only recorded revisions are from 2017 and 2023.

What is the registration office for Iris Garden?

The registration office for Iris Garden is the Gooduvancheri Sub Registrar Office, located at Defence Colony Road, near Veterinary Hospital, Nanthivaram, Guduvanchery-603202, Chengalpattu registration zone.

How are stamp duty and registration fees calculated?

Stamp duty is calculated at 7% and the registration fee at 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot at Rs 1,200 per sq.ft, the total fees would amount to Rs 1,08,000.